BUSINESS
IIM Placements: No COVID-19 blues, as offers and average CTC may see a rise at business schools
Despite a strained economy, 20 percent increase in pre-placement offers; 10-15 percent rise in the number of firms queuing up to hire
BUSINESS
Insurance policy request or claim rejected? Blame the bot
Artificial intelligence bots are now slowly starting to take decisions on whether your insurance claim should be paid or whether you should be allowed to buy a new policy. From your driving habits to fitness behaviour, everything has started being tracked.
MCMINIS
Guess which sector faced highest attrition in 2020
BUSINESS
Big salary hikes may be a thing of the past at India Inc
Consultants are of the view that salary hikes over 10% are unlikely before 2024. Only after the entire population is vaccinated and an economic recovery is on in full swing will things look up on the salary front, they opine
BUSINESS
Explained | How PLI for laptops, computers will boost Make in India
Currently, laptops and tablets worth about Rs 34,000 crore are purchased in India every year. Of these, four out of five are imported — mostly from markets such as China, Taiwan, Singapore, Malaysia and the United States. Getting these devices manufactured in India will reduce the massive import bill and enable India to become an exporter instead. Building semiconductor fabs will be critical to that dream becoming a reality
BUSINESS
Exclusive | PSB-merged banks may get time till FY22 end to cut stake in insurance JVs
Considering that stake sale by merged banks in their insurance joint ventures could be lengthy, they are being given additional time. One entity cannot be a promoter of multiple insurance companies in life and non-life categories.
INDIA
Bovine brouhaha: Why Cow Exam had to be moo-ved?
Sources tell Moneycontrol that the government wants additional time to gauge public interest and also make some tweaks in the syllabus. There are some views that the syllabus is unscientific in nature, said an official.
BUSINESS
Hot desking warms up as Covid-driven remote working continues
Employees previously assigned a seat will no longer have access to that seat on all working days. Instead, seats will be assigned according to a roster. It is estimated that companies could save between Rs 10 lakh-1 crore on a monthly basis if hot desking is adopted and extra floors and office space are given away on rent or leased.
BUSINESS
Your child going to the sixth grade this year? This is what will change in school
The National Education Policy plans to implement vocational topics like carpentry, pottery, weaving and indigenous textiles to impart skills and broad base employment opportunities
BUSINESS
WFH diaries: Employees need masterclass on professional communication
Amidst WFH, contactability is a challenge. Hence there are rising instances improper communication channels for contacting customers, clients which is an unacceptable behaviour.
BUSINESS
Life insurers seek reprieve from ban on sale of indemnity health plans
Life insurers are only allowed to sell fixed-benefit health plans, which offer a lumpsum benefit on diagnosis of an ailment. However, these insurers want to sell cashless and reimbursement health policies as well
BUSINESS
How a missed opportunity in insuring rural India became the business model for Gramcover
Set up in 2017, insurtech firm Gramcover wants to be the one-stop shop for all insurance need for rural India. When even big insurance firms look at rural insurance only from the mandatory angle, Gramcover sells livestock, health, motor and crop insurance -- only to rural customers.
BUSINESS
Aditya Birla Sun Life Insurance looks to double protection share, millennial contribution in two years
Pre-approved sum insured is being offered to customers based on data analytics for ease of purchase, said Aditya Birla Sun Life Insurance MD & CEO Kamlesh Rao
BUSINESS
BSH Home Appliances eyes a higher pie of the Indian appliance market, focusses on more made-in-India products
German firm already starts shifting production of goods from China to India. Company to enter the cooktop segment in India in August 2021 through the Bosch brand to complete their product suite in the kitchen segment.
INDIA
Explained: What is the conflict around abolition of the one-year LLM course?
The Bar Council of India has told the Supreme Court that it will abolish the one-year LLM degree from the 2022-23 academic year.
BUSINESS
Twists in COVID-19: Insurers cry foul over high treatment costs, non-adherence to standard rates
Guarantors are worried about the price of high claims, which will impact balance sheets in FY21. Customers will bear the brunt of rising health costs in the form of increased premiums.
BUSINESS
Twists in COVID-19 cover: Here’s why your insurer can no longer deny, delay hospitalisation claims
Customers will not have to worry about claims delays in Coronavirus hospitalisation incidents after IRDAI nudging insurers to make settlements quickly.
TECHNOLOGY
Too much technology at home not a good thing - here is why
Smart homes with connected appliances is the new trend in India. But, are ignoring the dangers of leaving technology unattended?
BUSINESS
Explained: Here’s what a standard drone insurance policy will look like in India
Among other things, regulator IRDAI has said that drone insurance policies should cover an operator’s legal liabilities and damages. Insurers will also have to pay for repair/replacement of insured drones. Optional covers related to cyber liability, invasion of privacy, and night flying can also be offered by insurers.
BUSINESS
Board exams amidst COVID-19: Students juggle online school, tuitions and self-study
The pandemic has turned out to be nightmare for board students struggling to keep up with the syllabus, battling exam stress, virus fears and admission worries
BUSINESS
Explained: Why are top business leaders betting big on education institutes?
The corporate honchos will access skilled quality-talent at the entry level, while their own big names will brighten the employment prospects of the candidates, who will also acquire real-world-problem-solving-skills
BUSINESS
EXCLUSIVE: We are working towards the Q3 timeline for our IPO, says LIC chairman MR Kumar
Since the Finance Ministry is looking at having Life Insurance Corporation’s IPO in Q3FY22, says LIC chairman MR Kumar, the first step will be to get the state-owned life insurer’s valuation carried out. Meanwhile, amidst the challenging business environment, LIC is eyeing 15 percent growth in new premiums this fiscal year
BUSINESS
EXCLUSIVE: LIC gross investments will exceed Rs 5 lakh crore in FY21, says chairman MR Kumar
LIC's`contrarian’ strategy when investing in equity markets, to sell when the sentiment is bullish and buy when the mood is bearish, has paid rich dividends
BUSINESS
New Labour Code: Will companies offer four-day workweek?
The proposal appears unworkable in manufacturing, where machines need to be operated round-the-clock, and project-based sectors like real estate; longer hours may also deter women workforce.
